The Tel Aviv Stock Exchange is expediting the promotion of an all new set of indices rules, and is acting to ensure that until the all new set rules are in place, no index constituents will be removed from the index as a result of shares entering the index thru the fast track, as long as they meet the index criteria. The new rule relates to indices in which the number of shares are fixed (TA-25, TA-100, etc.).
Having said that, it is possible that, during the transition period, indices will include shares in excess of the fixed number. For example, TA-100 might temporary include more than 100 shares. The new indices set of rules intends to increase the number of companies included in the index while reducing their relative weight.
